Bankers' Club

Particulars of equitable mortgage of immovable properties are required to be filed with CERSAI within 30 days of creation of mortgage. If charge is not filed with CERSAI within 30 days, following is the procedure for filing charge (CERSAI registration) with delay after 30 days:

[Also Read : CERSAI Fees & Charges]

Procedure for Filing the Delay Condonation Application with CERSAI for delay between 31-60 days.

• Maker fills the transaction details.

• System will pop up condonation form with prefilled values.

• Maker will enter the reason for delay and submit.

• The record will be available for approval by the checker.

• On approval by the checker the transaction will get registered on CERSAI with collection of prescribed additional fees.

Also Read: Charge on movable assets (stocks/ book debts etc.) is also required to be filed with CERSAI

Procedure for Filing the Delay Condonation Application with CERSAI for delay of more than 60 days:

For filing charge with CERSAI after 60 days, approval of Central Government is required for condonation in delay. Following the procedure as under:

• Maker fills the transaction details.

• System will pop up condonation form with prefilled values.

• Maker will enter the reason for delay and submit.

• The record will be available for approval by the checker.

• On approval by checker the record will get submitted to the Central Govt.

• On approval/ rejection of record by Central Govt. the record will appear in the link “Consolidated List for Action” of checker.

• The checker will then be able to authorize the approved record and prescribed additional fee will get deducted from the institutions account.

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